Current Status of Bitcoin and Cryptocurrencies Before US Inflation Data - Coin Bulletin

Bitcoin (BTC), while trading at around 81 thousand dollars before the inflation data, the markets focused on the US Consumer Price Index (CPI) data to be announced at 15:30 TSİ.

The previous inflation data was announced as 2.8% and Bitcoin experienced price volatility in the short term. For today's data, there is an expectation of 2.5%. A possible deviation in the inflation rate could lead to high volatility in Bitcoin and the overall crypto market.

Current Status of Bitcoin and Altcoins

According to CoinGecko data, Bitcoin is trading at $81,536 with a 7% increase in the last 24 hours. The current prices of other major cryptocurrencies are as follows:

• Ethereum (ETH) fell by 0.6% to 1,588 dollars
• BNB (BNB) down by 0.5% to 575 dollars
• Ripple (XRP) up by 10.8% to $1.99
• Solana (SOL) up by 8.6% to 113 dollars
• Dogecoin (DOGE) up by 6.8% to $0.155
• Cardano (ADA) up by 10.1% to 0.619 dollars

The total value of the cryptocurrency market is 2.67 trillion dollars, while Bitcoin's market value is at 1.61 trillion dollars.

The inflation data to be announced today will be a critical development in determining Bitcoin's short-term direction.